Own Art: Interest-Free Finance for Original Art and Craft
By Emily Peagram 21 Sep 2020
What is Own Art?
Own Art is a national initiative, supported by Arts Council England, Creative Scotland and The Arts Council of Northern Ireland, that makes buying contemporary art and craft affordable by providing interest-free loans for the purchase of original work.
Own Art reduces the financial barriers and perceptions of elitism that commonly exist within the art market by making it easier and more affordable for people to purchase and enjoy original work.
Since 2004, the scheme has enabled more than 60,000 customers to get access to the art and craft they love and has grown into a network of over 300 galleries across England, Scotland and Northern Ireland. To date, Own Art has supported £56 million of sales of contemporary art and craft to UK customers.
Who is it for?
Membership of the scheme is open to commercial enterprises, online galleries, charities and other not-for-profit organisations based in England, Scotland and Northern Ireland that specialise in the presentation and sale of work by contemporary artists.
We are unable to consider applications from individual artists, or from companies that represent the work of a single artist only.
Why join the Own Art network?
Own Art is currently working with over 300 galleries across England, Scotland and Northern Ireland. By joining the scheme, you will be:
Giving Greater Flexibility
By offering your customers the choice to make interest-free monthly repayments for a piece of art or craft, Own Art enables your customer to make those purchases they may not otherwise be able to make.
Supporting the Creative Economy
Own Art supports the UK’s creative economy by encouraging increased sales of work by living artists. Working in partnership with our diverse network of member galleries, we are helping to build the UK market for contemporary art and craft.
Engaging New Audiences
We help our members to engage new audiences, broaden their customer base and generate incremental sales revenues for the benefit of the customer, gallery and sector as a whole.
Enhanced Benefits & Marketing Support
Members of the scheme can enjoy a range of enhanced benefits and services to support their businesses from a network of associate partners. Own Art members also receive regular marketing support via social media, newsletters, and the Own Art website.
How to Own Art
Own Art loans allow your customers to borrow from as little as £100 up to £25,000 and pay it back over 10 or 20 months, completely interest-free.
From paintings, prints, drawings, and sculpture to glassware, ceramics, jewellery, furniture, and textile, Own Art is available for the purchase of contemporary art and craft of any kind and in any media.
Selling to your customers with Own Art is a simple 5 step process - get in touch with us to find out more.
“Own Art has been a really useful scheme for our business. We have been able to upsell and it has encouraged people to buy something they would not normally. I am also very pleased with the ease in which applications can be put through.” - Steensons Jewellers, Own Art Gallery Member since 2018
“As ever, [Own Art] is a very valuable sales tool and has helped me clinch numerous sales in a testing sales environment.” - Gallery Heinzel, Own Art Gallery Member since 2013
“A great idea, making art affordable to many. I hadn’t considered owning until I discovered how manageable the purchase was under Own Art financing.” - Own Art customer